2023-04-25T13:10:17-05:00 2022-06-30 221732349 WISS & COMPANY LLP 100 CAMPUS DRIVE FLORHAM PARK NJ 07932 990 2021-07-01 221964930 THE GILL ST BERNARD'S SCHOOL GILL 9082341611 25 ST BERNARDS ROAD GLADSTONE NJ 079340604 KELLY GARNES-PAGES CHIEF FINANCIAL OFFICER 9082341611 2023-04-24 1 KELLY GARNES-PAGES XXX-XX-XXXX DIANA MILLER P01597612 9739949400 3 AAL1 IAL1 2021 2023-04-26 12:10:37Z KELLY GARNES-PAGES 25 ST BERNARDS ROAD GLADSTONE NJ 079340604 29009467 0 X WWW.GSBSCHOOL.ORG X 1909 NJ GILL ST. BERNARD'S SCHOOL IS A PRE-K THROUGH GRADE TWELVE COLLEGE PREPARATORY SCHOOL. 24 24 231 8 0 0 4319816 1908303 24752870 25627564 1237241 451692 120242 274710 30430169 28262269 5200914 5780790 0 0 14734992 15256552 0 0 1169065 7041473 7752564 26977379 28789906 3452790 -527637 64260358 61131250 18144808 16679604 46115550 44451646 X GILL ST. BERNARD'S PROVIDES A BALANCED, DIVERSE AND SECURE COMMUNITY THAT PREPARES STUDENTS ACADEMICALLY, SOCIALLY AND ETHICALLY FOR COLLEGE AND A MEANINGFUL LIFE. 0 0 19499650 25634757 INSTRUCTION: COLLEGE PREPARATORY CURRICULUM INCLUDING ATHLETICS, DRAMA, LIBRARY, HUSBANDRY, SCIENCE, TECHNOLOGY AND OTHER TRADITIONAL AND INNOVATIVE ELEMENTS.THE GOAL OF THE CURRICULUM AT GILL ST. BERNARD'S SCHOOL, BEGINNING WITH THE EARLY CHILDHOOD PROGRAM AND CULMINATING IN THE TWELFTH GRADE, IS TO PREPARE YOUNG PEOPLE FOR A LIFETIME OF DEEP, ENRICHING LEARNING EXPERIENCES WHILE IN COLLEGE AND DURING THEIR LATER LIVES AS CITIZENS IN AN EVER CHANGING WORLD. 5780790 5780790 FINANCIAL AID: SCHOLARSHIPS ARE AVAILABLE TO ALL STUDENTS. NEED-BASED FINANCIAL AID IS PROVIDED TO 179 STUDENTS, AID IN THE FORM OF BUSING IS PROVIDED TO 49 STUDENTS AND FACULTY TUITION FINANCIAL AID IS PROVIDED TO 52 FACULTY MEMBERS.WE ARE COMMITTED TO MAKING A GSB EDUCATION ACCESSIBLE TO NEWLY ADMITTED AND ENROLLED STUDENTS. TUITION AID GRANTS ARE AWARDED TO FAMILIES ON AN ANNUAL BASIS FOR QUALIFYING STUDENTS WHOSE FAMILIES COMPLETE THE FINANCIAL AID APPLICATION AND WHO DEMONSTRATE FINANCIAL NEED.PARENTS ARE REQUIRED TO COMPLETE A PARENT FINANCIAL STATEMENT (PFS) AND SUBMIT TAX DOCUMENTATION EACH YEAR THEY APPLY FOR AID. PFS APPLICATIONS ARE PROCESSED BY TADS, AN ORGANIZATION USED BY INDEPENDENT SCHOOLS TO ASSESS EACH INDIVIDUAL FAMILY'S FINANCIAL NEED AND REASONABLE FAMILY TUITION CONTRIBUTION.INFORMATION SUBMITTED BY FAMILIES AS PART OF THE FINANCIAL AID APPLICATION PROCESS IS HELD IN STRICT CONFIDENCE AND REVIEWED ONLY BY THE SCHOOL'S FINANCIAL AID ADMINISTRATOR(S), CFO AND HEAD OF SCHOOL IN MAKING AID DECISIONS. WHILE THE SCHOOL DOES NOT REQUIRE AN INTERVIEW IN THE AWARDING OF FINANCIAL AID, ON OCCASION PARENTS MAY BE ASKED TO CLARIFY INFORMATION IN THEIR FINANCIAL AID APPLICATION. PARENTS MAY ALSO REQUEST AN APPOINTMENT WITH THE DIRECTOR OF ADMISSION AND FINANCIAL AID TO CLARIFY FAMILY CIRCUMSTANCES OR REVIEW A TUITION AID GRANT. TUITION AID GRANTS ARE REVIEWED ANNUALLY AND ADJUSTED WHEN INDICATED BY CHANGES IN FAMILY CIRCUMSTANCES AND/OR THE SCHOOL'S OVERALL BUDGET CONSIDERATIONS. 25280440 1 1 0 0 0 0 0 1 0 1 1 1 0 0 1 1 1 0 1 0 0 0 0 0 1 1 0 0 1 1 1 0 0 0 0 0 0 0 0 0 0 1 0 0 0 0 0 0 0 0 1 40 0 1 231 1 0 0 0 0 0 1 1 0 0 0 0 0 0 X 24 24 0 0 0 0 0 0 0 1 1 0 0 1 1 1 1 1 1 1 1 0 X THE ORGANIZATION 9082341611 25 ST BERNARDS ROAD GLADSTONE NJ 079340604 SIDNEY ROWELL HEAD OF SCHOOL 40.00 X 482399 0 67202 KELLY GARNES-PAGES CHIEF FINANCIAL OFFICER 40.00 X 189278 0 30521 JOEL COLEMAN UPPER SCHOOL DIRECTOR 40.00 X 173973 0 29382 KYLE ARMSTRONG LOWER & MIDDLE SCHOOL DIRECTOR 40.00 X 178405 0 24731 DAVID PASQUALE DEAN OF STUDENT LIFE 40.00 X 185802 0 14886 IRENE MORTENSEN DEAN OF FACULTY 40.00 X 141262 0 23263 KERRI BEEKMAN DIRECTOR OF COLLEGE GUIDANCE 40.00 X 136232 0 18651 DOUGLAS MATTHEWS CHAIR 1.00 X X 0 0 0 JEFF LAGER VICE CHAIR 1.00 X X 0 0 0 RAJIV DE SILVA TREASURER 1.00 X X 0 0 0 MARIANNE SALADINO SECRETARY 1.00 X X 0 0 0 ANDREA FREEMAN TRUSTEE 1.00 X 0 0 0 ANTOINETTE SEGRETO TRUSTEE 1.00 X 0 0 0 BRENDA LIBERTI TRUSTEE 1.00 X 0 0 0 CAROLINE JONES TRUSTEE 1.00 X 0 0 0 ELIZABETH FUCCI TRUSTEE 1.00 X 0 0 0 EMILY MAILLET TRUSTEE 1.00 X 0 0 0 JAMES O'CONNOR TRUSTEE 1.00 X 0 0 0 JOHN FRANTZ TRUSTEE 1.00 X 0 0 0 JOHN RAYMONDS TRUSTEE 1.00 X 0 0 0 KEISHA AUDAIN-PRESSLEY TRUSTEE 1.00 X 0 0 0 LAURA BRUCKER TRUSTEE 1.00 X 0 0 0 LEE AMOROSO TRUSTEE 1.00 X 0 0 0 MARCELLA CRISCOLA TRUSTEE 1.00 X 0 0 0 MARK MAZZATTA TRUSTEE 1.00 X 0 0 0 MATTHEW HARDING TRUSTEE 1.00 X 0 0 0 RAY CONGER TRUSTEE 1.00 X 0 0 0 REEMA PURI TRUSTEE 1.00 X 0 0 0 SANDI NICCOLAI TRUSTEE 1.00 X 0 0 0 STEVEN POLACHI TRUSTEE 1.00 X 0 0 0 TOM FISCHER TRUSTEE 1.00 X 0 0 0 1487351 0 208636 12 0 1 0 LAZOR CONSTRUCTION LLC 254 BEACON LIGHT ROAD CALIFON NJ 07830 CONSTRUCTION 2027773 SAGE DINING SERVICES INC 1402 YORK ROAD LUTHERVILLE MD 21093 FOOD SERVICE 1082041 IRONBOUND CLEANING SERVICES CORP PO BOX 3422 UNION NJ 07083 CLEANING SERVICE 319222 BELAIR TRANSPORT INC 641 TREMONT AVE ORANGE NJ 07050 TRANSPORTATION 248757 HT LYONS INC 7165 AMBASSADOR DR ALLENTOWN PA 18106 HVAC CONTRACTORS 211075 5 85225 1823078 568251 1908303 TUITION FEES 611600 24937811 24937811 AUXILIARY SERVICES 611710 363061 363061 PROGRAM REVENUE 611710 326692 326692 25627564 253126 253126 27550 0 27550 27550 27550 806300 607734 198566 198566 198566 333949 85225 110552 223397 223397 27300 10730 16570 16570 21687 18182 3505 3505 BAD DEBT RECOVERY 611110 3688 3688 3688 28262269 25634757 0 719209 5780790 5780790 769400 624693 100016 44691 11418675 9271084 1484318 663273 629099 510780 81783 36536 1645074 1335673 213860 95541 794304 644914 103260 46130 58339 20867 1497 35975 57250 20477 1469 35304 21000 21000 122496 43814 3144 75538 69578 69578 129084 117171 7450 4463 217134 206712 8251 2171 513527 488878 19514 5135 247283 238613 6069 2601 16420 5473 5473 5474 351971 335076 13375 3520 1853739 1764760 70442 18537 597071 505832 63065 28174 REPAIRS AND MAINTENANCE 1203973 1146182 45751 12040 FOOD PROGRAMS 941436 941436 STUDENT ACTIVITIES 555315 555315 INSTRUCTION SUPPLIES 191688 191688 605260 460634 90664 53962 28789906 25280440 2340401 1169065 5823572 4527145 7500 4500 647132 265000 35825 10006 511315 314296 64783276 21899795 42783390 42883481 14425720 12890609 25904 236213 64260358 61131250 2347993 2354504 12003000 11405000 429820 243583 3363995 2676517 18144808 16679604 X 34224462 33936203 11891088 10515443 46115550 44451646 64260358 61131250 X -527637 -2124185 987918 X X 0 1 X 1 0 X RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED RESTRICTED X 0 10408228 550147 -1384362 300000 9274013 10203722 93046 2286460 2175000 10408228 10883671 123392 596659 1400000 10203722 10389170 123607 650894 280000 10883671 10487912 63799 1124792 1287333 10389170 1.00000 0.00000 1 0 3965527 3965527 59317800 20737975 38579825 1254010 988561 265449 245939 173259 72680 42883481 STOCK INDEX MUTUAL FUNDS 12890609 F 12890609 STUDENT DEPOSITS 2532811 UNEARNED REVENUE 143706 2676517 X 21459988 -2124185 1123694 -1000491 22460479 21000 5780790 5801790 28262269 23123892 135776 135776 22988116 21000 5780790 5801790 28789906 PART III, LINE 4: A PAINTING, "NEW JERSEY MEADOW FLOWERS" WAS OBTAINED FROM THE ARTIST, ALEXANDRA TIMCHULA, FOR PUBLIC EXHIBITION AS PROVIDED UNDER SFAS 116. PART V, LINE 4: GSB HAS RESTRICTED NET ASSETS OF $9,274,013 WHICH IS CURRENTLY INVESTED IN VANGUARD FUNDS. $9,017,291 HAS BEEN RESTRICTED FOR USE TOWARDS NEED-BASED FINANCIAL AID. $104,984 HAS BEEN RESTRICTED FOR USE TOWARDS AN ANNUAL TEACHER RECOGNITION AWARDS. $72,190 HAS BEEN RESTRICTED TOWARDS THE COST OF ENVIRONMENTAL SPEAKERS AND $79,548 TOWARDS CHARITY/COMMUNITY SERVICE. PART X, LINE 2: THE SCHOOL IS EXEMPT FROM FEDERAL INCOME TAXES UNDER SECTION 501(C)(3) OF THE INTERNAL REVENUE CODE ("IRC") AND HAS MADE NO PROVISION FOR FEDERAL OR STATE INCOME TAXES IN THE ACCOMPANYING FINANCIAL STATEMENTS. IN ADDITION, THE SCHOOL HAS BEEN DETERMINED BY THE INTERNAL REVENUE SERVICE ("IRS") NOT TO BE A "PRIVATE FOUNDATION" WITHIN THE MEANING OF SECTION 509(A) OF THE IRC. ALL SIGNIFICANT TAX POSITIONS HAVE BEEN CONSIDERED BY MANAGEMENT AND IT HAS BEEN DETERMINED THAT ALL TAX POSITIONS WOULD BE SUSTAINED UPON EXAMINATION BY TAXING AUTHORITIES. THE SCHOOL IS REQUIRED TO FILE FORM 990 (RETURN OF ORGANIZATION EXEMPT FROM INCOME TAX), WHICH IS SUBJECT TO EXAMINATION BY THE IRS, UP TO THREE YEARS FROM THE EXTENDED DUE DATE OF THE TAX RETURN. THE FORMS 990 FOR 2019 THROUGH 2021 ARE OPEN TO EXAMINATION BY THE IRS AS OF JUNE 30, 2022. OTHER SIGNIFICANT TAX POSITIONS INCLUDE ITS DETERMINATION OF WHETHER ANY AMOUNTS ARE SUBJECT TO UNRELATED BUSINESS INCOME TAX ("UBIT"). MANAGEMENT HAS DETERMINED THAT THE SCHOOL HAD NO ACTIVITIES SUBJECT TO UBIT IN THE YEARS ENDED JUNE 30, 2022 OR 2021. PART XI, LINE 2D - OTHER ADJUSTMENTS: COGS REPORTED ON FORM 990, PART VIII, LINE 10B 18,182. DIRECT FUNDRAISING EXPENSES 110,552. MARKET CHANGE IN INTEREST RATE SWAP 987,918. DIRECT RAFFLE EXPENSES 10,730. BAD DEBT RECOVERY -3,688. PART XI, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,780,790. PART XII, LINE 2D - OTHER ADJUSTMENTS: COGS REPORTED ON FORM 990, PART VIII, LINE 10B 18,182. DIRECT FUNDRAISING EXPENSES 110,552. DIRECT RAFFLE EXPENSES 10,730. BAD DEBT RECOVERY -3,688. PART XII, LINE 4B - OTHER ADJUSTMENTS: FINANCIAL AID 5,780,790. FORM 990, SCHEDULE D, LINE 2D. IN FISCAL YEAR ENDING 6/30/22, GILL ST. BERNARD SCHOOL REPORTED EXPENSES OF $18,182 AS COST OF GOODS SOLD, $110,552 OF DIRECT EXPENSES FOR SPECIAL EVENT FUNDRAISING, $10,730 OF DIRECT RAFFLE EXPENSE AND BAD DEBT RECOVERY -$3,688 THAT RECLASSED TO REVENUE ON FORM 990. THE INTEREST RATE SWAP GAIN OF $987,918 WAS AN UNREALIZED GAIN NOT REPORTED FOR 990 PURPOSES. FORM 990, SCHEDULE D, LINE 4B. FOR FISCAL YEAR ENDING 6/30/22, THE GILL ST. BERNARD SCHOOL NETTED FINANCIAL AID EXPENSE AGAINST TUITION REVENUE FOR FINANCIAL STATEMENT PURPOSES. FOR 990 REPORTING, THE FINANCIAL AID EXPENSE OF $5,780,790 WAS INCLUDED IN THE STATEMENT OF FUNCTIONAL EXPENSE. 1 1 1 1 1 1 1 0 0 0 0 0 0 0 0 0 0 1 SCHEDULE E, PART I, LINE 3 THE SCHOOL DOES NOT DISCRIMINATE ON THE BASIS OF RACE, COLOR, NATIONAL OR ETHNIC ORIGIN IN ADMINISTRATION OF ITS EDUCATIONAL POLICIES, ADMISSIONS POLICIES, SCHOLARSHIP, ATHLETIC AND OTHER SCHOOL-ADMINISTERED PROGRAMS. THE SCHOOL ADMITS STUDENTS OF ANY RACE, COLOR, NATIONAL AND ETHNIC ORIGIN. OUR NONDISCRIMINATORY POLICY IS PUBLISHED IN THE SCHOOL'S BROCHURES, BROADCAST MEDIAS AND OTHER PRINTED MATERIALS. GOLF CLASSIC 153100 33750 119350 1700 50490 2608 GILL AT THE MILL 209775 41975 167800 2068 5983 14326 2500 13308 1 56299 9500 46799 1200 9000 7369 419174 85225 333949 4968 65473 14326 2500 23285 110552 223397 27300 10000 730 1 1.00000 27300 10000 730 10730 16570 NJ 1 0 0 0 0.50000 0.50000 JENNIFER DOHERTY 25 ST BERNARDS ROAD GLADSTONE NJ 07934 0 SASHA MARCUCCI X 0 1 BUSING AWARD 49 238002 FINANCIAL AID 179 4535908 FACULTY TUITION FINANCIAL AID 52 1006880 PART I, LINE 2: CRITERIA FOR AWARDING FINANCIAL AID: THE GILL ST. BERNARD SCHOOL ABIDES BY THE NATIONAL ASSOCIATION OF INDEPENDENT SCHOOL'S PRINCIPLES OF GOOD PRACTICE FOR FINANCIAL AID ADMINISTRATION. IN ACCORDANCE WITH THESE PRACTICES, THE GILL ST. BERNARD SCHOOL AWARDS FINANCIAL AID GRANTS BASED UPON THE FINANCIAL NEED OF A FAMILY. THESE GRANTS ARE SUPPORTED BY THE SCHOOL'S BUDGET AND DEMONSTRATE THE SCHOOL'S COMMITMENT TO ENROLL A SOCIOECONOMICALLY DIVERSE STUDENT POPULATION. QUALIFYING FAMILIES IN GRADES K THROUGH 12 ARE ELIGIBLE. PARENTS COMPLETE A FINANCIAL AID APPLICATION ACCORDING TO DEADLINES AND MUST DEMONSTRATE FINANCIAL NEED. PARENTS COMPLETE THE PARENT FINANCIAL STATEMENT (PFS) AND SUBMIT TAX DOCUMENTATION EACH YEAR THEY APPLY FOR AID. PFS APPLICATIONS ARE PROCESSED BY TADS, USED BY INDEPENDENT SCHOOLS TO DETERMINE A FAMILY'S FINANCIAL NEED AND ASSESS A REASONABLE FAMILY TUITION CONTRIBUTION. AN OFFICIAL COPY OF THE PARENTS' CURRENT YEAR IRS FORM 1040, INCLUDING ALL SCHEDULES AND W-2 FORMS, IS SUBMITTED TO GSB. INFORMATION SUBMITTED BY FAMILIES AS PART OF THE FINANCIAL AID APPLICATION PROCESS IS HELD IN STRICT CONFIDENCE AND REVIEWED ONLY BY THE SCHOOL'S FINANCIAL AID ADMINISTRATOR(S), CFO AND HEAD OF SCHOOL. WHILE THE SCHOOL DOES NOT REQUIRE AN INTERVIEW IN THE AWARDING OF FINANCIAL AID, ON OCCASION PARENTS MAY BE ASKED TO CLARIFY INFORMATION IN THEIR FINANCIAL AID APPLICATION. PARENTS MAY ALSO REQUEST AN APPOINTMENT WITH THE DIRECTOR OF ADMISSION AND FINANCIAL AID TO CLARIFY FAMILY CIRCUMSTANCES OR REVIEW A TUITION AID GRANT. TUITION AID GRANTS ARE REVIEWED ANNUALLY AND ADJUSTED WHEN INDICATED BY CHANGES IN FAMILY CIRCUMSTANCES AND/OR THE SCHOOL'S OVERALL BUDGET CONSIDERATIONS. X 1 0 X X X 0 0 0 0 0 0 0 0 0 SIDNEY ROWELL HEAD OF SCHOOL 480023 0 0 0 2376 0 22511 0 44691 0 549601 0 0 0 KELLY GARNES-PAGES CHIEF FINANCIAL OFFICER 188918 0 0 0 360 0 10089 0 20432 0 219799 0 0 0 JOEL COLEMAN UPPER SCHOOL DIRECTOR 173145 0 0 0 828 0 8950 0 20432 0 203355 0 0 0 KYLE ARMSTRONG LOWER & MIDDLE SCHOOL DIRECTOR 177865 0 0 0 540 0 10908 0 13823 0 203136 0 0 0 DAVID PASQUALE DEAN OF STUDENT LIFE 184974 0 0 0 828 0 14280 0 606 0 200688 0 0 0 IRENE MORTENSEN DEAN OF FACULTY 139345 0 0 0 1917 0 8760 0 14503 0 164525 0 0 0 KERRI BEEKMAN DIRECTOR OF COLLEGE GUIDANCE 135961 0 0 0 271 0 9660 0 8991 0 154883 0 0 0 PART I, LINE 1A FOR THE BENEFIT AND CONVENIENCE OF THE SCHOOL IN HAVING THE FUNCTIONS OF THE OFFICE OF THE HEAD EFFICIENTLY DISCHARGED AND AS A CONDITION OF HIS EMPLOYMENT AS HEAD OF SCHOOL, MR. ROWELL RESIDES IN AN ON-CAMPUS RESIDENCE PROVIDED FOR AT THE SCHOOL'S EXPENSE FOR THE CONVENIENCE OF THE SCHOOL. THE HEAD'S RESIDENCE IS READILY AVAILABLE AND USED FOR SCHOOL-RELATED BUSINESS AND ENTERTAINMENT FUNCTIONS ON A REGULAR AND CONTINUING BASIS AS STIPULATED IN HIS EMPLOYMENT CONTRACT. PART I, LINE 3 THE ORGANIZATION USES INDUSTRY STANDARDS AND COMPARABILITY DATA IN ITS REVIEW AND APPROVAL OF MANAGEMENT COMPENSATION. A NEW JERSEY ECONOMIC DEVELOPMENT AUTHORITY 222045817 2015-01-01 14485000 REFUNDING OF PREVIOUS BOND ISSUE 1 0 0 A 14485000 260071 5728857 2296950 12188650 2001 1 0 1 1 A 0 0 0 0 1 1 WELLS FARGO BANK 9.000000000000 0 0 0 0 0 A 0 X 7 504936 MKT QUOTE/DATE OF GIFT X GIFTS IN KIND 25 63315 0 0 0 PART I, COLUMN (B): THE AMOUNT IN COLUMN B REPRESENT THE NUMBER OF ITEMS CONTRIBUTED. FORM 990, PART VI, SECTION B, LINE 11B AFTER THE FORM 990 IS PREPARED, IT IS FIRST REVIEWED BY THE CFO AND ACCOUNTING MANAGER. THE RETURN IS THEN REVIEWED BY THE HEAD OF SCHOOL AND THE BOARD OF DIRECTORS PRIOR TO FILING. FORM 990, PART VI, SECTION B, LINE 12C CONFLICT OF INTEREST THE BOARD OF TRUSTEES ARE APPOINTED/ELECTED TO SERVE GILL ST. BERNARD'S SCHOOL AND ITS CONSTITUENCIES. INDIVIDUALS WHO ACCEPT THIS POSITION ARE EXPECTED TO CARRY OUT THEIR DUTIES IN A MANNER WHICH INSPIRES AND ASSURES THE CONFIDENCE OF THE SCHOOL AND THE BROADER COMMUNITY. THE TRUSTEES SHALL EXERCISE THE UTMOST GOOD FAITH IN ALL TRANSACTIONS TOUCHING UPON THEIR DUTIES TO THE ORGANIZATION AND ITS PROPERTY. IN THEIR DEALINGS WITH AND ON BEHALF OF THE ORGANIZATION THEY ARE HELD TO A STRICT RULE OF HONEST AND FAIR DEALINGS BETWEEN THEMSELVES AND THE ORGANIZATION. THEY SHALL NOT USE THEIR POSITIONS AS TRUSTEES, OR KNOWLEDGE GAINED THERE FROM, SO THAT A CONFLICT MIGHT ARISE BETWEEN THE SCHOOL'S INTEREST AND THAT OF ANY INDIVIDUAL TRUSTEE. A CONFLICT OF INTEREST ARISES IN ANY SITUATION IN WHICH A TRUSTEE (AND HIS OR HER IMMEDIATE FAMILY) IS INVOLVED IN AN ACTIVITY WHICH COULD ADVERSELY AFFECT HIS OR HER JUDGMENT WITH RESPECT TO THE BUSINESS OF THE SCHOOL OR OTHERWISE DIMINISH THE INTEREST OF THE ORGANIZATION. WHEN SUCH A CONFLICT ARISES, THE INDIVIDUAL WITH THE CONFLICT IS EXPECTED TO DISCLOSE IN WRITING THE EXISTENCE OF THE CONFLICT. FORM 990, PART VI, SECTION B, LINE 15 THE ORGANIZATION USES INDUSTRY STANDARDS AND COMPARABILITY DATA IN ITS REVIEW AND APPROVAL OF MANAGEMENT COMPENSATION. FORM 990, PART VI, SECTION C, LINE 19 THE FORM 990 AND AUDITED FINANCIAL STATEMENTS ARE KEPT AT THE ORGANIZATION'S LOCATION AND CAN BE VIEWED BY ANY INQUIRING PARTY DURING NORMAL OFFICE HOURS. HARD COPIES ARE AVAILABLE UPON REQUEST. FORM 990, PART XI, LINE 9: INCREASE IN FAIR VALUE OF INTEREST RATE SWAP 987,918. FORM 990, PAGE 11, PART XII, LINE 2C: THE GILL ST BERNARD SCHOOL FINANCE COMMITTEE ASSUMES RESPONSIBLITY FOR THE REVIEW AND OVERSIGHT OF THE AUDIT AND FINANCIAL STATEMENTS. FOR FISCAL YEAR ENDED 6/30/22, THE SCHOOL HAS NOT CHANGED ITS SELECTION OF AN INDEPENDENT AUDITORS.